Stock Movers

On this episode of Stock Movers:- Wells Fargo (WFC) missed analysts’ profit estimates as severance costs drove up expenses and net interest income fell short. The bank spent $612 million on severance as part of a plan designed to cut costs. Expenses climbed to $13.7 billion, compared with the $13.6 billion predicted by analysts in a Bloomberg survey, according to a statement Wednesday.- Bank of America (BAC) reported net interest income for the fourth quarter that beat the average analyst estimate.- Netflix (NFLX) is working on revised terms for its Warner Bros. Discovery Inc. acquisition and has discussed making an all-cash offer for the company’s studios and streaming businesses, people familiar with the discussions said.The changes are designed to expedite a sale that will take months to close and has faced opposition both from politicians and rival bidder Paramount Skydance Corp. Institutional investors have been divided in their support.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- BP said it expects to take as much as $5 billion in writedowns for the fourth quarter, just weeks after replacing its chief executive officer as it strives to turn around its fortunes.- Hays drops as much as 1.5% to the lowest since 1993 after delivering a sharper drop in like-for-like growth than expected during the latest quarter as the tough environment for recruiters continues. - EssilorLuxottica shares gain as much as 2.9% after HSBC raised its recommendation to buy from hold due to growth in smart glasses.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- BP said it expects to take as much as $5 billion in writedowns for the fourth quarter, just weeks after replacing its chief executive officer as it strives to turn around its fortunes.- Goldman favors asset-light exposure in global logistics with analyst Patrick Creuset cutting hit recommendation on Maersk to sell.- Vistry sold 9% fewer homes in 2025 after uncertainty driven by the UK budget created a “subdued market” in the second half of the year.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- JPMorgan Chase (JPM) fell 4.2%. The bank's profit declined 7% in the fourth quarter, even as revenue rose on the back of higher fees and interest income. This after JPMorgan warned that President Donald Trump’s call for a 10% cap on credit card rates threatens to “significantly change” its business and would harm the biggest US bank and customers.- Meta Platforms (META) is beginning to cut more than 1,000 jobs from the company’s Reality Labs division, part of a plan to redirect resources from virtual reality and metaverse products toward AI wearables and phone features. Meta shares closed at 1.69%- Delta Air Lines (DAL) provided a profit forecast that fell short of Wall Street estimates, with the major US airline taking a more cautious view for 2026 after the aviation industry emerged from a volatile year. Shares in Atlanta-based Delta fell 1.5% to $70 as of 11:07 a.m. New York time after it reported quarterly results on Tuesday. United Airlines was up fractionally, while American Airlines fell 1.7%See omnystudio.com/listener for privacy information.

On this episode of Stock Movers: - Meta Platforms (META) shares fall after news that Meta Platforms Inc. and EssilorLuxottica SA are discussing potentially doubling production capacity for AI-powered smart glasses by the end of this year to capture growing demand and head off rivals. - Delta Airlines (DAL) shares fall after the company provided a profit forecast that fell short of Wall Street estimates, suggesting the major US airline is taking a more cautious view for 2026 after the aviation industry emerged from a volatile year. - L3Harris Technologies (LHX) shares rise after news that the US Department of Defense is set to invest in L3Harris Technologies Inc.'s missile unit with a $1 billion convertible preferred security. The investment will "significantly" increase capacity to build solid rocket motors for US missiles, according to L3Harris.See omnystudio.com/listener for privacy information.